On average, listings lease in the $20's per square foot per year. The Ala Moana - Kakaako region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 15% decline in rent.
In the last 90 days, 38 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the Ala Moana - Kakaako are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 740 sqft. Most buildings in this market are approximately 6 floors. Most buildings in this area were built in 1973 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Ala Moana - Kakaako residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.